NHN 19th Avenue, Fairbanks, AK 99701
NHN 19th Avenue, Fairbanks, AK 99701
NHN 19th Avenue, Fairbanks, AK 99701
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Aurora Courtney

Aurora Courtney

+1(907) 302-2676
$2,950,000
Est. payment /mo
24 Beds
24 Baths
10,300 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,300 sqft

Price per Sqft $286

Subdivision Bjerremark

MLS Listing ID 26-8086

Bedrooms 24

Full Baths 24

Construction Status New - To Be Built

Lot Size 0.612 Acres

Acres 0.61

Source Alaska Multiple Listing Service

Property Description

PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of theboroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartmentdevelopment. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, thisproject offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters,and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, theproperty is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seekingconvenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helpssupport year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenitiesinclude modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters whilesupporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced.This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development totheir investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange,develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today'smarket. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaskamultifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rentsare projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept andpotential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.

Location

State AK

Community Bjerremark

Area 720 - Southeast Fairbanks

Zoning MF - Multiple Family Residential

Direction Airport Way to Gillam Way. Righton19th Ave, lots on left.

Interior

Heating Natural Gas, Oil, Radiant Floor

Flooring Luxury Vinyl

Exterior

Parking Features None

Waterfront Description None

Water Access Desc Public

Roof Type Shingle

Building

Foundation Poured Concrete

Lot Size Range 0.61

Sewer Public Sewer

Water Public

New Construction No

Construction Status New - To Be Built

Schools

Elementary Schools Hunter

Middle Schools Ryan

High Schools Lathrop

Others

Tax ID 54259

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Aurora Courtney

Aurora Courtney

+1(907) 302-2676

Associate Broker | License ID: 100653, 500072

Associate Broker License ID: 100653, 500072

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